An operating agreement is an agreement between the members of a limited liability company that describes how the company will carry out business obligations. The agreement is necessary to avoid the default rules of state limited liability company statutes.
Executioner definition: An executioner is a person who has the job of executing criminals. | Meaning, pronunciation, translations and examples
execute. 1  to give effect or force to (a law, decree, judicial sentence, etc.). 2  to carry out the terms of (a will). 3  to transact or carry through (a contract, mortgage, etc.) in the manner prescribed by law; complete and give validity to (a legal instrument) by fulfilling the legal requirements, as by signing or sealing.